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Lembar kerjaunit 2 finance revision edexcel business A level
Total soal: 15
Worksheet time: 6mins
In a cashflow forecast table,
Net cash flow =
total inflows + total outflows
total inflows - total outflows
total inflows x total outflows
total inflows / total outflows
The opening balance for January 2021=
total inflows - total outflows for January 2021
the closing balance from February 2021
the closing balance from December 2021
the closing balance from December 2020
unit contribution =
selling price x variable cost per unit
selling price + variable cost per unit
selling price / variable cost per unit
selling price - variable cost per unit
Fixed costs = £ 8000 per month, unit contribution = 4, therefore :
breakeven = 32000 units
breakeven = 2000 units
breakeven = 8000 units
breakeven = 4000 units
Budgeted costs were £2500,
Actual costs were £ 2300,
therefore :
the cost variance is adverse
the cost variance is favourable
the cost variance is £4800
The numbers needed to calculate profit ratios are in the :
Statement of Financial Position
Statement of Consolidated Income
Cashflow forecast
Liquidity topic :
Current assets = £ 3600
Current liabilities = £ 1800
therefore :
current ratio = 5.4
current ratio = 0.5
current ratio = 2
current ratio = 1.8
Sales revenue = £ 15000
Cost of sales = £ 9000
The gross profit margin =
60%
40%
167%
67%
Liquidity topic :
Acid test ratio =
(current assets - inventory) / current liabilities
current assets / current liabilities
current liabilities - inventory / current assets
The numbers needed to do both liquidity ratios are shown in the Statement of
Consolidated Income
Financial Position
Cashflow Forecast
Non-current assets (long term assets held more than 1 year) include :
inventory (stock)
receivables (customers who owe us)
payables (suppliers we owe money to)
machinery
In a Statement of Consolidated Income,
What is deducted from operating profit to calculate profit for the year (net profit) ?
cost of sales
finance and interest costs
general operating expenses
revenue
Breakeven topic:
Why are salaries treated as fixed costs ?
Salaries are directly related to production quantities
Salaries are not directly related to production quantities
Salaries never increase
Breakeven topic :
If a firm reduces its variable cost per unit (by choosing a cheaper supplier) then the number of sales needed to breakeven will be :
higher
lower
the same
Breakeven topic :
Breakeven assumes :
most output is sold
all output is sold
no output is sold
